Housing crisis

An affordable housing crisis or housing crisis is either a widespread housing shortage in places where people want to live or a financial crisis in the housing market. Housing crises can contribute to homelessness and housing insecurity. They are difficult to address, because they are a complex "web of problems and dysfunctions" with many contributing factors, but generally result from housing costs rising faster than household income.

There is an ongoing decades-long increasing trend of cities around the world facing housing crises. Some notable examples of financial crises in the housing market are the American subprime mortgage crisis in 2007-2008 and the Chinese property sector crisis beginning in 2020.

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